New Morehead-Cain challenge will provide $20 million to support scholars
Article Published by: unc.edu
The Give Together Scholarship Challenge will be the largest single monetary gift ever made to the program by one of its alumni. A total of $20 million would enable the endowment to sustain 75 Morehead-Cain Scholars per class.
By UNC Development, Tuesday, September 24th, 2019
An anonymous donor set a $10 million challenge to grow and strengthen the Morehead-Cain Scholarship, one of the preeminent merit scholarship programs in the world.
If met, the Give Together Scholarship Challenge will be the largest single monetary gift ever made to the program by one of its alumni. A total of $20 million would enable the endowment to sustain 75 Morehead-Cain Scholars per class at Carolina.
“Morehead-Cain Scholars and alumni have transformed Carolina and beyond for over 70 years,” said Interim Chancellor Kevin M. Guskiewicz. “This distinguished scholarship program plays an integral role in helping our University shape the next generation of innovative leaders. With this incredible donor’s generosity and the support of the entire Carolina community, we will have a life changing impact on so many students’ lives who will benefit each year from this amazing gift.”
The first merit scholarship program established in the United States, the Morehead-Cain Scholarship was founded 75 years ago by Carolina alumnus John Motley Morehead III. It has attracted talented, high-achieving scholars from across the globe to UNC-Chapel Hill since 1945. Selected scholars receive a world-class education at Carolina, global summer enrichment experiences, access to Discovery Fund grants for opportunities beyond the classroom and the opportunity to grow impactful relationships with a network of more than 3,200 Morehead-Cain alumni.
“My dreams for my time at Carolina keep growing bigger,” said Student Body President and Morehead-Cain Scholar Ashton Martin. “My goal is to help make the University a better place, and I’m so thankful for the Foundation’s support during this journey.”
By meeting this challenge by Dec. 31, 2022, the Morehead-Cain Foundation would exceed its $75 million fundraising goal under the University’s historic $4.25 billion fundraising campaign, For All Kind: the Campaign for Carolina.
“The generosity of this gift, and gifts from all Carolina alumni, allow us to invite more bright, young leaders to Carolina than ever before,” said Morehead-Cain Executive Director Chuck Lovelace. “Reaching our fundraising goals ensures the decades-long relationship between the program and Carolina will continue to thrive and grow for years to come.”
The Give Together Scholarship Challenge comes on the heels of a record fundraising year for the Morehead-Cain Foundation and Carolina. In the 2018–2019 fiscal year, 56% of Morehead-Cain alumni contributed to For All Kind: the Campaign for Carolina. Among the nation’s largest public university fundraising campaigns on record, $1 billion of the University’s fundraising goal is devoted to scholarships and student aid through a signature fundraising initiative, The Carolina Edge.
“Carolina is committed to leading for the greater good,” said David Routh, vice chancellor for development. “Gifts such as these allow us to provide more opportunities to more outstanding students. They change the lives of hardworking students and their families.”
About Scott Livengood
Scott Livengood is the owner and CEO of Dewey’s Bakery, Inc., a commercial wholesale bakery with a respected national brand of ultra premium cookies and crackers.
Previously, Scott worked at Krispy Kreme Doughnuts for 27 years, starting as a trainee in 1977. He was appointed President of the company in 1992, then CEO and Chairman of the Board.
Scott has served on numerous boards including the Carter Center, the Calloway School of Business and the Babcock School of Management, Habitat for Humanity of Forsyth County, and the Winston-Salem Chamber of Commerce.
He started a new business, StoryWork International, in 2016 with Richard Stone. The signature achievement to date is LivingStories, a story-based program for improved patient experiences and outcomes in partnership with Novant Health.